Several U.S. non-profit organizations criticized Trump for issuing meme coins
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2025-01-19 11:01 8,805
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Golden Finance reported that regarding Trump’s issuance of the Meme coin TRUMP, Danielle Brian, executive director of the non-partisan Projecton Government Oversight (Projecton Government Oversight), said that Meme coins are generally not related to any underlying business and are therefore highly speculative for investors. , and potentially lucrative for the founders, “Any move the Trump Organization makes to signal that they are concerned about potential conflicts, especially those involving foreign governments, appears to completely undermine its efforts.”
Other groups raising concerns include the nonprofit Campaign Legal Center and the Washington-based group Citizens for Responsible Ethics, which unsuccessfully sued Trump during his first term for violating the Constitution's ban on foreign gifts and compensation. "The clear difference with cryptocurrencies is how quickly you can get a windfall," said Kedric Payne, general counsel at the Campaign Legal Center.